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Victoria | Lydian platform, delivered in partnership with Clark Finance Group
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Mitcham is a settled eastern suburb with its own shopping strip, station and a housing stock that runs from post-war brick through to newer townhouse infill. It draws families and first home buyers who want the east without Box Hill or Blackburn pricing.
Mitcham is a solid, unglamorous family market, and that is much of its appeal. The housing is consistent, valuations are predictable, and the lending is generally straightforward. It represents genuine value relative to the suburbs closer in.
A good share of what we do here is first and second home purchases. That means the conversation is usually about deposit, borrowing capacity and scheme eligibility rather than complex structuring. Mitcham prices often sit within the first home buyer caps, particularly for units and townhouses.
There is also steady renovation activity. Post-war homes on decent blocks with original interiors are common, and extending is generally better value than paying the premium for a finished equivalent.
Consistent stock, predictable valuations, and prices below the suburbs closer in.
Prices here often sit within scheme caps, particularly for units and townhouses.
Original interiors on good blocks. Extending usually beats paying the finished premium.
Whatever stage you are at, there is a path through it. Pick the one that sounds like you.
That depends on your income, existing commitments and deposit rather than the suburb. What we can do quickly is establish your borrowing capacity precisely, so you know which price bracket you are looking in before you start inspecting rather than after.
Frequently, particularly for units and townhouses, and sometimes for houses depending on the current caps. The schemes can let you buy with a smaller deposit and without lenders mortgage insurance, which is a significant saving. Eligibility depends on price, your income and prior ownership.
It varies with the loan size and the deposit percentage, but on a typical purchase with a ten per cent deposit it commonly runs into the tens of thousands. It protects the lender rather than you. Schemes, family guarantees and eligible professional waivers can all remove it, which is worth exploring.
That depends on your circumstances and how long waiting would take. A unit gets you into the market and building equity, but capital growth on units and houses has historically differed. It is a decision only you can make; what we can do is show you what each option looks like financially right now.
Book a free consultation and we will walk you through your options, what you can borrow, and what it will cost.
Book a free consultation
Serving clients across Australia.
Authorised Representative no. 525 778
Specialist Financial Group Australian Credit Licence no. 387025
Lydian Financial Services Victoria
Suite 1/103 Grimshaw Street, Greensborough VIC 3088, Australia
Level 12, 15 Collins Street Melbourne VIC 3000, Australia
Copyright © LYDIAN FINANCIAL SERVICES PTY LTD 2026. All Right Reserved.